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Wipro clocks its best quarterly results in a decade in Q4 FY21 SECTIONS Last Updated: Apr 16, 2021, 06:54 AM IST Share Synopsis Wipro has forecast 2-4% growth in the quarter to June, setting the base for a double-digit expansion also likely its first in about 10 years. Agencies Bengaluru: Wipro Ltd. has clocked its best quarterly results in nearly a decade in the March quarter, with profit and revenue rising 27% and 3.4%, respectively, on the back of increased deal wins. The Bengaluru-based IT services firm has forecast 2-4% growth in the quarter to June, setting the base for a double-digit expansion also likely its first in about 10 years. The guidance is in line with the optimism shared by peers. ....
Wipro jumps ahead of Q4 results. Here s what analysts say SECTIONS Last Updated: Apr 15, 2021, 11:47 AM IST Share Synopsis Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it, to an extent, analysts said. Wipro is scheduled to report its financial results for the January-March period later in the day. Related NSE Explore Now NEW DELHI: Even as Infosys and Tata Consultancy Services March quarter earnings failed to surprise Dalal Street, Wipro shares climbed 3 per cent on Thursday trade ahead of the company s Q4 earnings. The IT firm is expected to clock flat QoQ growth in profit for the March quarter,through growth could still be as high as 26-32 per cent on a year-on-year (YoY) basis. Revenues are seen rising 3 per cent both on sequential and year-on-year bases. Salary hikes during the three-month period may dent the IT major s margins, but a favourable currency tailwind could help ....
Infosys, Wipro see sharp pick up in growth in Q3 Top Searches Infosys, Wipro see sharp pick up in growth in Q3 FacebookTwitterLinkedinEMail (Representative image) BENGALURU: Like TCS, Infosys and Wipro too have posted their best sequential growth in about nine years in the third quarter ended December. Clients’ demands for a digital overhaul of their businesses – to mitigate disruptions of the kind they suffered during the pandemic – is leading to a surge in orders for Indian IT services companies. It’s also enabling the latter to quickly lift themselves from the early pandemic lows. In a seasonally weak quarter, which is marked by the holiday season and furloughs, Infosys grew by 5.3% sequentially, while Wipro grew by 3.4%, which nearly met the top end of its revenue guidance for the quarter. Year-on-year growth rates are significantly better than in the first two quarters, and look to be fast heading towards pre-Covid levels. ....
Ideas For Profit | Why Wipro has the potential to outperform peers Backed by strong traction in revenue, margin gains and the management’s focus on building a client-focused organisation, Wipro is in line to provide decent performance in the medium term. Here s a detailed analysis of the third-quarter performance of the IT behemoth. ....
Wipro Q3 Profit Rises 21% YoY, Dollar Revenue Growth Highest In 36 Quarters moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.